Currently under construction and slated for opening in 2019, the St. Louis Ice Center is a four-sheet ice facility that will accommodate youth and adult hockey and skating programs and serve as the practice facility for the NHL's St. Louis Blues. Catherine Sarrett managed a market and feasibility study that projected the facility's potential use by various hockey clubs and recreation programs, preparing detailed ice time schedules by season and revenue generated by ice rental and program fees. Ms. Sarrett's report and financial projections were used to evaluate funding capacity and are included in bond financing documents.
Photo courtesy Generator Studio
Sports KingDome East Fishkill, NY
Located in East Fishkill, New York, the Sports KingDome is under construction with an expected spring 2019 opening. This 347,000 square foot artificial turf complex will be one of the largest fabric dome structures in the world and will be a regional destination for a variety of year-round sports. At the request of the prospective lender, Catherine Sarrett prepared an appraisal of the venue's market value as a stabilized operation. Her study included an evaluation of seasonal demand for tournaments, leagues, club training, and in-house programs. She projected annual financial operations assuming that the facility is operated by a professional sports management company, and projected annual capital maintenance reserves required for future turf field replacement.
Staples Community Center Staples, MN
The City of Staples and Staples-Motley School District sought to redevelop an aging 1970's era community center. Catherine Sarrett managed a project that evaluated community needs through community presentations, an online citizen survey, and interviews of primary user groups. Ms. Sarrett analyzed competitive facilities and peer community centers that combine operations with a local middle or high school and developed building program recommendations to serve both community recreation and educational needs. She also prepared usage projections for an aquatic center, gymnasium, fitness center, and fitness studios and a projections of financial operations.
Creve Coeur Park Soccer Complex St. Louis, MO
Opened in 2018, the Creve Coeur Park Soccer Complex contains 13 artificial turf soccer fields and two natural grass youth fields. Prior to construction, St. Louis County sought to understand the potential use and economic impact of the complex on the local economy. Catherine Sarrett managed market and feasibility study that evaluated competitive and peer soccer complexes throughout the U.S. and projected regular use by local soccer clubs for training and league play. She also assessed trends in the sports and the complex's potential as a regional soccer tournament destination. She prepared a projection of financial operations and the economic impact created by out-of-town tournament attendees.
City for Champions Colorado Springs, CO
Colorado Springs is home to the U.S. Olympic Committee and dozens of national governing bodies in Olympic sports. The City for Champions is a proposed multi-venue sports-based development that would complement a new Olympic Museum in downtown Colorado Springs. To support funding through a state tourism fund, Catherine Sarrett managed a market and feasibility study that evaluated potential out-of-state visitation. The study included an assessment of use potential through sports trends research and interviews with national governing bodies. She made recommendations for an indoor multipurpose sports complex and professional soccer stadium that would also support a minor league baseball team and projected the operations of both venues.